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To: narby
I tend to agree with you.

Question's I have: What will it cost the retailer to collect these taxes, how much will he get to keep for his efforts, lots of extra bookwork for the retailer.

What happens when we return an item?

What happens when there is a recession and no one is buying anything?

I never want to see services for Medical taxed.

Services need to be defined. There are a lot of other questions I think will come to mind later, but if passed later is to late, and "progressive" to me means just that, start at 20%, not enough no problem take it to 25% so and so forth.

47 posted on 09/27/2004 4:29:48 PM PDT by annieokie
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To: annieokie

What will it cost the retailer to collect these taxes,

Essentially the same it costs them now in 45 states that have state sales taxes, as they would collected in parallel, and certainly less than what businesses now pay directly and indirectly in complying with the income/payroll tax system that exists today.

how much will he get to keep for his efforts,

$200 per month or 0.25% of the percentage of the NRST collected whichever is greater. Certainly more than it provided by states for collecting state sales taxes today or paying income/payroll taxes for that matter, which is nothing.

lots of extra bookwork for the retailer.

Hows that happen? the tax is 23% of total sales revenue received. Nothing more than a business will have naturally in keeping its books for accounting purposes, and substantially less than they need to account, plan and report for the federal income/payroll tax system now.

What happens when we return an item?

The business receives a credit for the the tax on that item as they refund it to you.

What happens when there is a recession and no one is buying anything?

Guaranteed under such conditions even less income tax revenues are collected. Variability of retail expenditure tax base is less than the variablility of income tax base.

I never want to see services for Medical taxed.

I never want to see my dog's food taxed either, he eats better than I do. One can be certain that every one has their own little special pet thing they never want to see taxed. To make exception, any exception, is to invite in every groups special interest and idea on necessity not to be taxed.

Fact is everything including Medical services are taxed today via income, payroll, and self-employment taxes. OTOH, under the HR25 proposal taxes are pre-paid up to the the povertyline of expenditure for each household regardless of income or what it is spent on. The prepayment is determined by household size not income or actual expenditure.

Services need to be defined.

They are, read the legislation ==>[H.R.25].

52 posted on 09/27/2004 5:33:01 PM PDT by ancient_geezer (Equality, the French disease: Everyone is equal beneath the guillotine.)
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To: annieokie

"What will it cost the retailer to collect these taxes, how much will he get to keep for his efforts, lots of extra bookwork for the retailer."

Far less than it costs them to do payroll and corporate income taxes now. Retailers will get to keep 1/4% of what they collect.

"What happens when there is a recession and no one is buying anything?"

Studies have shown that consumption is a much more stable tax base than income is.




68 posted on 09/28/2004 10:32:33 AM PDT by phil_will1
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